Support Query

Current year Capital Gains/Losses are not showing on the SMSF Annual Return or CGT schedule.

Solution

Where all SMSF fund members are receiving a pension and the combined account balances of these pensions is equal to the market value of the fund's total assets, in effect all assets of the fund will meet the requirement of being 'segregated' as they have the sole purpose of paying super income stream benefits  (Fund is 100 % pension).

Capital gains or capital losses from a capital gains tax event in relation to a segregated current pension asset are disregarded on the SMSF Annual Return. Please review the Fund Pension Policies.

For more detail please check out the ATO Website.